Repository logo
 
Publication

Does partial privatisation improve performance? Evidence from a chain of hotels in Portugal

2017-04Journal article Restricted access
Simple item page
dc.contributor.authorAmado, Carla
dc.contributor.authorSantos, Sérgio
dc.contributor.authorSerra, Jaime M. M.
dc.date.accessioned2018-12-07T14:52:28Z
dc.date.available2018-12-07T14:52:28Z
dc.date.issued2017-04
dc.description.abstractThis article contributes to the literature by testing six research hypotheses regarding the impact of partial privatisation on firms' performance. We measure performance using Data Envelopment Analysis (DEA), the Malmquist Index and ratios related to labour productivity, profitability and capacity utilisation. We use the Wilcoxon Signed Rank test to compare the performance after privatisation with that before privatisation. The hypotheses are tested with data from a chain of Portuguese heritage hotels, partially privatised in 2003. We conclude that productivity growth after privatisation is superior to productivity growth before privatisation due to technological progress. However, due to a frontier regress observed in the privatisation year, total factor productivity and profitability deteriorated after privatisation. This suggests that both efficiency changes and frontier shifts should be taken into account in order to accurately assess the impact of privatisation. (C) 2016 Elsevier Inc. All rights reserved.
dc.description.sponsorshipFCT - The Portuguese National Funding Agency for Science, Research and Technology [UID/ECO/04007/2013]; FEDER/COMPETE - CEFAGE (Carla Amado and Sergio Santos) [POCI-01-0145-FEDER-007659]; COMPETE, FEDER, Portugal - CIDEHUS [UID/HIS/00057/2013 (POCI-01-0145-FEDER-007702)]
dc.description.versioninfo:eu-repo/semantics/publishedVersion
dc.identifier.doi10.1016/j.jbusres.2016.12.001
dc.identifier.issn0148-2963
dc.identifier.issn1873-7978
dc.identifier.urihttp://hdl.handle.net/10400.1/11087
dc.language.isoeng
dc.peerreviewedyes
dc.publisherElsevier
dc.subjectData envelopment analysis
dc.subjectTechnical efficiency
dc.subjectPrivatization
dc.subjectProductivity
dc.subjectModels
dc.subjectDea
dc.subjectIndustry
dc.subjectSector
dc.subjectImpact
dc.subjectInefficiencies
dc.titleDoes partial privatisation improve performance? Evidence from a chain of hotels in Portugal
dc.typejournal article
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FECO%2F04007%2F2013/PT
oaire.citation.endPage19
oaire.citation.startPage9
oaire.citation.titleJournal of Business Research
oaire.citation.volume73
oaire.fundingStream5876
person.familyNameAmado
person.familyNamePereira dos Santos
person.givenNameCarla
person.givenNameSérgio
person.identifier.ciencia-id2919-AB70-B8D8
person.identifier.ciencia-idD81F-2E2A-9046
person.identifier.orcid0000-0001-6944-5129
person.identifier.orcid0000-0001-9811-3799
person.identifier.ridA-9854-2011
person.identifier.scopus-author-id26534002400
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsrestrictedAccess
rcaap.typearticle
relation.isAuthorOfPublication8c2831d4-918c-486f-b5da-f41fe3f53eff
relation.isAuthorOfPublicationebe16fd2-b979-4745-a429-026430cc8742
relation.isAuthorOfPublication.latestForDiscovery8c2831d4-918c-486f-b5da-f41fe3f53eff
relation.isProjectOfPublication3bdc8964-5f6a-45ab-aeca-5bbcb96bf78b
relation.isProjectOfPublication.latestForDiscovery3bdc8964-5f6a-45ab-aeca-5bbcb96bf78b

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
1-s2.0-S0148296316306555-main.pdf
Size:
516.86 KB
Format:
Adobe Portable Document Format
Download

Collections

FEC2-Artigos (em revistas ou actas indexadas)